Article3 months ago

DePIN Startup DIMO Raises $11.5 Million in Series A Funding for Decentralized Car Data Protocol

DePIN Startup DIMO Raises $11.5 Million in Series A Funding for Decentralized Car Data Protocol
Summary
  • DePIN startup Digital Infrastructure has raised $11.5 million in Series A funding for the DIMO network, led by CoinFund and with participation from other investors.
  • The funding will be used to enhance the tools and capabilities for developers building on the DIMO network.
  • DIMO has experienced significant growth, with over 36,000 cars connected to the network and a circulating supply of over 198 million tokens.

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